Latest News Releases
| FOR IMMEDIATE RELEASE April 4, 2008 |
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466 |
ART’S-WAY MANUFACTURING RECEIVES ORDERS FOR GRINDER –
MIXERS AND FORAGE BLOWERS FROM NEW DISTRIBUTORS IN
BELARUS, FRANCE AND FINLAND.
Global Marketing Efforts Pay Off In New Orders – Export Backlog Of $2.2 Million
ARMSTRONG, Iowa, April 4, 2008 – Art’s-Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it has sold containers of the Company’s 5165 Grinder-Mixers to new distributors in Belarus and France and Forage Blowers to a new distributor in Finland. These new international distributors were acquired at the Agritechnica 2007 show in Hanover, Germany, the world’s largest agricultural equipment exhibition.
J. Ward McConnell, Jr., Chairman of the Board, said, “I am very pleased to announce these three new orders. This is a new business strategy for us. We have created strategic European partnerships and teaming relationships, penetrated important new markets and expanded our traditional business to accumulate an export backlog approaching $2.2 Million. I feel certain this is just the beginning of our sales and marketing efforts with additional distributors being added in Europe and the Far East.
“Agriculture around the world is rapidly changing with the introduction of new technologies, growth in field and farm size and adoption of specialized equipment. Since our inception, we have been on the leading edge of design and manufacturing. In this day of global marketing, our family of products and the way we service our customers offer huge growth opportunities for the future and certainly increased shareholder value.”
About Art’s Way Manufacturing, Inc.
Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466
Or visit the Company’s website at www.artsway-mfg.com
This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.
